A SurpriseBox was formed on the GBP/JPY daily chart 100sma (green line) and 50sma (blue line). This box was forming a head and shoulders pattern, but upon completion of the candle it was seen that a long tail ensues. If surprisebox includes the shadows, no breakage occurred. Will not trade this formation at the moment.
Disclaimer: I trade the patterns depicted either at the entry point stated (e.g. trading channel, breakouts) or afterward. Although my trades are based on technical analysis, trading forex is a risky activity and may produce significant monetary loss. I only make public the trades that I am considering to make, or made and the rational for them. Not intended necessarily as trading recommendations.
